Top News
$64.2Mln CMBS Loan Against Minneapolis-Area Mall Offered for Sale
The $64.2 million loan against the Burnsville Center shopping mall in suburban Minneapolis has been put on the sales block. NKF has the listing for the distressed loan, which now is classified as being in foreclosure. It is one of...
Former Ramada Inn in Hialeah, Fla., to Become Apartments
South Florida Business Journal The Estate Investments Group has filed plans to redevelop a vacant Ramada Inn hotel in Hialeah, Fla., into 251 apartment units. The 258-room hotel sits on 4.9 acres at 1950 West 49th St. It was built...
Amazon Buys Miami-Area Development Site for Distribution Center
South Florida Business Journal Amazon.com Inc. has paid $22.06 million for a development site in the Miami suburb of Homestead, Fla., where it plans to build a distribution center. Miami-Dade County sold the 76.9-acre site at 13200 SW 272nd St....
1Mln-SF Industrial Property Planned for Charlotte, N.C., Area
Charlotte Business Journal Strategic Capital Partners is developing Rock Hill Commerce Center, a 1 million-square-foot industrial property in the Charlotte, N.C., area. The Indianapolis company is developing the four-building property off Celriver Road near Interstate 77 in Rock Hill, S.C....
274-Unit Apartment Project Proposed for Boynton Beach, Fla.
South Florida Business Journal The Boynton Beach, Fla., Planning and Development Board is reviewing a plan for a 274-unit apartment property in that south Florida city. GCI Acquisitions, an affiliate of Goldberg Cos. Inc., has proposed developing the property on...
Coronavirus Forces Construction of Raleigh, N.C., Office Project to Start Next Year
Charlotte Business Journal Preferred Office Properties has been forced to delay the start of construction for a 32-story office building in Raleigh, N.C. The developer, an affiliate of Atlanta REIT Preferred Apartment Communities, was expected to begin work on...
23-Story Apartment Building Tops Out in Tampa, Fla.
Tampa Bay Business Journal Strategic Capital Partners has topped out construction on its 23-story apartment building that's under construction in Tampa, Fla. The 388-unit property, which will include a ground-floor retail component, is being built at 1011 East Cumberland...
195,000-SF Warehouse Proposed Near Orlando Airport
Orlando Business Journal An affiliate of Bakery Express of Central Florida Inc. has filed plans to build a 195,000-square-foot warehouse near the Orlando International Airport. The property has been proposed for a 13.5-acre site northwest of Landstar Boulevard and...
Ares Lends $147.7Mln to Fund Northern N.J. Portfolio Purchase
Ares Management Corp. has provided $147.7 million to fund the $159.6 million purchase of a 10-property office portfolio in Northern New Jersey by a venture of Onyx Equities, Taconic Capital Partners, Axonic Capital and Machine Investment Group. The venture bought...
21-Story Apartment Building in Dallas for Sale
Dallas Morning News JLL is marketing for sale Gables Uptown Tower, a 21-story apartment building with 196 units in Dallas' Uptown neighborhood. The property, at 3227 McKinney Ave., was built in 1986 and is more than 93 percent occupied....
